Every business has a life cycle. At some point the owner will need to relinquish control, and there are decisions that need to be made and plans that need to be put into place for that transition of control to happen successfully. Yet, this topic too often put off. There’s a cost to procrastination — a cost greater than just monetary, and it could put a business’s legacy at risk. What are some of the steps businesses can take to meet the challenges of generational transfer? Find out in this issue of Financial Partner magazine.
Currently, the Northeast exports about 14.5% of agricultural products, and in 2016, these exports valued more than $9 billion. So, what types of products are Northeast farmers, commercial fishermen and forest products producers sending overseas and to where are the region’s exports going? Find out in this issue of Financial Partner magazine. Also meet two producers who have been exporting their products for decades.
The Legacy Lives On
Plan the transition of your farm business early – and often
In this issue, four Farm Credit East consultants discuss the importance of planning the transition of a farm business early, and often, to ensure its legacy is preserved for generations.
